PRESS DIGEST-New Zealand newspapers - Oct. 13

WELLINGTON, Oct 13 (Reuters) - Following are some of the
lead stories from New Zealand metropolitan newspapers on Monday.

Stories may be taken from either the paper or Internet
editions of the papers.

Reuters has not verified these stories and does not vouch
for their accuracy.

DOMINION POST (www.stuff.co.nz)

Investors move in as first-home buyers fold: Property
investors are the big winners from the Reserve Bank's mortgage
restrictions, while first-home buyers are increasingly
struggling to afford a house.

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Flavell calls justice system racist: The new Minister of
Maori Development Te Ururoa Flavell is calling for a review of
the justice system as young Maori become increasingly over
represented in youth crime statistics.

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Crown spends NZ$525,300 defending decision: The Government
has spent more than NZ$500,000 ($390,900) defending its decision
to offer uninsured Canterbury red-zoners 50 per cent buyout
offers.

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Angels give tech start-ups a good shot: More technology
firms should be making waves in a few years' time thanks to
currently strong angel investment, says a Crown company
established to encourage growth businesses.

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NEW ZEALAND HERALD (www.nzherald.co.nz)

'Odd' if NZ shunned Isis fight: Key: Prime Minister John Key
says it would be "odd" if New Zealand did not play any part in
action against the Islamic State in Iraq and Syria but signalled
he was still reluctant to send in ground troops.

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Failed property scheme linked to tax haven firm: A failed
property development is linked to a tax haven company that
triggered an alleged money laundering probe into a wealthy
businessman.

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Women - the universe may not provide for retirement: Women
need to stop thinking "the universe" will provide and start
planning better for their financial security, says Retirement
Commissioner Diane Maxwell.